A newly surfaced public document reveals that the Bitcoin Policy Institute, a leading research and advocacy organization in the United States, has put forth a draft for an executive order aimed at designating Bitcoin as a strategic reserve asset. This initiative is set to take effect instantly upon the signing by President-elect Donald Trump on his first day in office.
The draft emphasizes that as global finance increasingly embraces digital assets, the United States must shift its financial strategies to maintain economic stability and assert its leadership position in the global market. The document portrays Bitcoin as a decentralized and limited store of value, likened to digital gold, potentially strengthening the US dollar and supporting American economic interests.
Should this executive order be enacted, it would classify Bitcoin as a viable asset for acquisition within the Treasury Department’s Exchange Stabilization Fund (ESF), thereby creating a Strategic Bitcoin Reserve aimed at benefiting all Americans. The draft stresses the necessity of establishing a Bitcoin reserve to invigorate the US economy and ensure financial dominance in the coming years.
By marking Bitcoin as a strategic asset under government control, the proposal seeks to broaden the diversity of assets within the ESF, enhancing economic security and ensuring a competitive edge in the 21st century. It also aims to position the US at the forefront of the digital assets sector, attracting capital, talent, and innovative businesses to flourish within its parameters.
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To foster trust in this initiative, the draft delineates that the Strategic Bitcoin Reserve would fall under the administration of the Secretary of the Treasury. It includes provisions for regular audits, strict security standards, and comprehensive reporting measures.
Once the order is signed, any BTC held by federal agencies, including the US Marshals Service, would be prohibited from being sold or encumbered. Instead, these assets would transition into the strategic reserve upon the acquisition of legal title. The draft further instructs the Secretary of the Treasury to implement a Bitcoin acquisition program within 60 days of the order’s signing, ensuring efficient management and procurement of Bitcoin through the ESF.
While this document remains a draft, both Trump and his future administration have yet to make any public remarks regarding it. Nevertheless, interest in this type of action is on the rise. Notably, Jack Mallers, the founder and CEO of Strike, recently pointed out that Trump is weighing a day-one executive order to establish a Strategic Bitcoin Reserve. Mallers stated, “I also know that Trump is looking at a day one executive order,” igniting dialogue about the potential repercussions of such a move, particularly in light of the Dollar Stabilization Act, which could provide the president with extensive authority to safeguard the dollar.
Further fueling speculation about a Bitcoin reserve, Trump, during a speech at the New York Stock Exchange, stated, “We’re gonna do something great with crypto,” and affirmed when questioned about the possibility of the United States creating a reserve similar to its oil reserves, “Yes, I think so.”
As of this writing, Bitcoin’s price is holding around the $104,000 level, reflecting a 2.5% drop in the past 24 hours. This draft represents a key step towards a potentially historic pivot in US financial policy, inviting conversations about the future of cryptocurrency in the nation.
